Corruption Currents: Scandals Rock Latvian Banking Sector

Bank of Latvia Governor Ilmars Rimsevics speaks during a press conference in Riga, Latvia, on Tuesday.
Photo:
European Pressphoto Agency

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk and compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk.

South Africa’s new president is leading a cabinet shake-up as he seeks to root out corruption. (Guardian, Reuters, AP)

The former director of a Hong Kong health chain had some assets frozen following a raid by anti-graft authorities. (IA)

Pakistan rejected a request from prosecutors to impose a travel ban on the former prime minister. (OCCRP)

The Russian oligarch indictedlast weekin the special counsel’s probe was known as “Putin’s cook.” Paypal allegedly was used to launder money. Moscow said the allegations prove nothing; former workers at the factory say they trust the allegations. U.S. officials say continued attempted meddling isn’t working. (JS, MSNBC, Wired, NYT, Quartz, AFP, Reuters, AP, Reuters, NPR)

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